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How construction equipment market is stroked by telematics in 2018-2022

In a recent survey conducted by Technavio in London, UK, it is expected that the use of telematics in the construction industry will be increased by CAGR of almost 7% in Europe during the period of 2018-2022. Projecting these figures to the Saudi’s construction market will give a higher percentage of CAGR because of on-going and upcoming projects initiated by the Saudi Government. According to the industry news, the Saudi construction industry is poised for tremendous growth over the next five years with 700 new projects set to be launched in the coming next months and targeted for completion by 2022.

With the advancement and development of telematics, people will be widely adopting this technology and implementing this into their business for the forecasted period. According to the Technavio’s research report, the use of telematics in the construction equipment will be the latest trend in the coming years.

Telematics can be used in assisting equipment management with its GPS technology, the cellular network, and sensors. It can be used to collect, record, and transmit vehicle operational data on a web-based platform which can be used by fleet operators for further analysis Equipment management may include the monitoring of fuel consumption, idle time monitoring, utilization of asset, or the maintenance alerts.

One of the major factors contributing to the aggravated use of telematics in the construction machinery is the rise in infrastructural investments, growing construction industry demanding the reduced fuel consumption. Previously the due to the complicated interface and features of telematics solution, fleet operators were reluctant to implement this technology in telematics. But today with the easy-to-use interface of fleet management solution such as Eagle-I, this technology is widely implemented and utilized for several purposes. We have already explained the benefits of using telematics in construction equipment earlier and what features is Eagle-I offering.

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